REGISTERED NUMBER:
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PAI Partners (UK) Limited |
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Unaudited Financial Statements |
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for the Year Ended 10 December 2021 |
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REGISTERED NUMBER:
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PAI Partners (UK) Limited |
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Unaudited Financial Statements |
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for the Year Ended 10 December 2021 |
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PAI Partners (UK) Limited (Registered number: 04015677) |
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Contents of the Financial Statements |
for the year ended 10 December 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PAI Partners (UK) Limited |
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Company Information |
for the year ended 10 December 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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PAI Partners (UK) Limited (Registered number: 04015677) |
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Balance Sheet |
10 December 2021 |
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2021 | 2020 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 5 |
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Net current (liabilities)/assets | ( |
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Total assets less current liabilities | ( |
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Creditors |
Amounts falling due after more than one
year |
6 |
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Net liabilities | ( |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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Shareholders' funds | ( |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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PAI Partners (UK) Limited (Registered number: 04015677) |
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Notes to the Financial Statements |
for the year ended 10 December 2021 |
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1. | Statutory information |
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PAI Partners (UK) Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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The presentational currency of the financial statements is Pound Sterling (£). |
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Amounts in these financial statements are rounded to the nearest £. |
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Related party exemption |
The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Turnover represents amounts receivable for services provided in respect of the lease under which the Company holds the title deed and is stated net of VAT. Amounts are recognised on the accruals basis. |
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Financial instruments |
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds basic financial instruments which comprise cash at bank, trade and other receivables, and trade and other payables. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full. |
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Financial assets - classified as basic financial instruments |
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(i) Cash at bank and in hand |
Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less. |
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(ii) Trade and other receivables |
Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. |
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At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss. |
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Financial Liabilities - classified as basic financial instruments |
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(i) Trade and other payables and loans and borrowings |
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid. |
PAI Partners (UK) Limited (Registered number: 04015677) |
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Notes to the Financial Statements - continued |
for the year ended 10 December 2021 |
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2. | Accounting policies - continued |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Going concern |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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Called up share capital not paid |
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Prepayments and accrued income |
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5. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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6. | Creditors: amounts falling due after more than one year |
2021 | 2020 |
£ | £ |
Amounts owed to group undertakings |
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7. | Called up share capital |
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Allotted and issued: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Share capital 1 | £1 | 2 | 2 |
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8. | Reserves |
Retained |
earnings |
£ |
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At 11 December 2020 | ( |
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Deficit for the year | ( |
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At 10 December 2021 | ( |
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PAI Partners (UK) Limited (Registered number: 04015677) |
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Notes to the Financial Statements - continued |
for the year ended 10 December 2021 |
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9. | Ultimate controlling party |
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The immediate parent and controlling party is PAI Partners SAS. |